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20-Unit Apartment Building

6751 S Chappel Avenue, Chicago, IL 60649

For Sale
$1,050,000

The multifamily property has one-bedroom, one-bathroom residences and is offered in as-is condition.

Property SizeContact for details
Days on Market102

Property Features for 6751 S Chappel Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Site & Location

Neighborhood South Shore
Public Transit Yes

Units

Unit Mix 20 x 1BR/1BA
Multifamily Units 20

Taxes and HOA fees

Annual Taxes $28,718

Building Details

Year Built 1916
Buildings 1
Stories 3
Units 20
Listing Agency: Area Wide Realty
Listed By: Michael Olszewski · License #471011979
Source: Fishmangroup
Added: Jul 29 Changed: Nov 7 Last Checked: Nov 7 at 3:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Area Wide Realty

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Investment Insights

Based on property information with market context.

Built in 1916, this apartment building contains 20 residences, each with 1 bedroom and 1 bathroom. The property is zoned MULTI and is being sold in as-is condition.

The building is in Chicago’s South Shore neighborhood, near DuSable Lake Shore Drive, public transportation, shopping, parks, the South Shore Cultural Center, a golf course, Rainbow Beach Park, and the Lake Michigan shoreline. Metra and bus service are also nearby.

Key Highlights

  • 20 apartment units, each configured with 1 bedroom and 1 bathroom
  • Built in 1916
  • Zoned MULTI

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

1,018
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The multifamily property has one-bedroom, one-bathroom residences and is offered in as-is condition.
Where is this apartment building located?
The property is located at 6751 S Chappel Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 20 apartment units, each configured with 1 bedroom and 1 bathroom; Built in 1916; Zoned MULTI
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